Weekly Plan 3/20/23 + FOMC Thread

The Week Ahead

Possible Scenarios / Levels:

Expect a 2%+ move in either direction once #FOMC is released and digested at 2PM EST on Wednesday and for the 2 hours into close after the release.

1. FED hikes by 0.25% and also speak about possibly pausing hikes in the future could be slightly bullish and taken in good thought.

2. FED hikes by 0.25% and does not mention pause, does not change any language by Powell I would expect a bearish take and downside move after the release.

3. FED does not hike at all: I think super bullish and a FED that is demoralized and panicked. This will send us over 4054-4063 and lead a 3-4%+ move after release.

There has been a lot of strength and gold ($GLD) and weakness in the dollar ($DXY)

The main event this week is FOMC. However, I am also on lookout for any additional measures to regarding the banking crisis. In particular, I think if we see some sort of increase in the FDIC insurance for all banks regardless of size which has been talked about can bring an interesting twist.

Credit Suisse is also in talks to be bought out by UBS.

NOW OUR #FOMC THREAD

#FOMC Trade Thread

How To Trade #FOMC $SPY $SPX

THIS STRATEGY IS 96% ACCURATE PAST 24 FOMC’S (Only One Non-Event Move)

This strategy has made 60-140+ POINT MOVES in $SPX which equates to around $5-$15 Moves in $SPY ITSELF!

There is 1 way on how to trade this strategy and to also state #FOMC is very risky to trade with #SPY #SPX #Options due to the #volatility

HERE IS HOW TO TRADE #FOMC 

You FADE the INITIAL REACTION on $SPY at 2PM EST once the Rates are given out and you PLAY the opposite when Powell Speaks at 2:30PM EST.

ITS THAT SIMPLE.

For example: If initially the market falls at 2PM you would go long at 2:25-2:35 once he starts to speak and this can be helped by Candlesticks & Price Action!

May 3-4 #FOMC Example: 2PM initial reaction red and went lower and started consolidate then the circle shows 2:30 starts to spike after the fake break down for a $7-$8 MOVE to upside in under 1 HOUR!

July 26-27 #FOMC Example: 2PM initial reaction you see the red higher wick and falls. Then you see at 2:30 fake out again to downside then RIPPED UP for a $14 POINT MOVE IN 1 HOUR.

Nov 2 #FOMC Initial Reaction on $SPY $SPX to upside at 2PM, big green candle, opposite move as usual at 2:30 leading a $140 POINT SELL IN UNDER 2 hours for the E-Mini

THESE ARE POTENTIAL 500-1000%+ PLAYS THAT I HAVE BEEN PREACHING FOR OVER 2 YEARS NOW!

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